GUARANTORSHIP AND LOAN SECURITY QUERIES

Do I need a guarantor if my loan application is equivalent to my deposits? No, you do not need a guarantor. If the loan applied does not exceed your deposits. If your deposits are not attached to any loan. How many guarantors do I need? The Sacco has no minimum or maximum guarantors. It all [...]

LOAN QUERIES

When do I qualify to take a loan? You qualify to take a loan after six months of consistent contribution of the monthly minimum requirement of KES 1,600 per month What is the maximum loan limit I am entitled to? You are entitled to a maximum loan equivalent to four times your total savings (shares[.....]

WITHDRAWAL FROM THE SACCO QUERIES?

What is the procedure of withdrawing from the Sacco? You need to apply for withdrawal from the Sacco in a formal signed letter giving the Sacco sixty days notice in line with Sacco by laws. The letter should be accompanied by your ID copy. Can I partially withdraw my deposits? No, no member will be[.....]

MHASIBU HOUSING COMPANY LIMITED (MHCL) AND PLOT QUERIES?

Is Mhasibu Housing Company Limited (MHCL) and Mhasibu Sacco the same thing? No, MHCL is a fully owned subsidiary of Mhasibu Sacco which operates independently from the Sacco. MHCL is involved in mobilizing Sacco members and other stakeholders who are interested in acquiring prime plots among other things. On the other hand, Mhasibu Sacco is[…..]